From Idle Assets to Instant Capital—PVA’s Tight Credit Market Solution

In response to the South African Reserve Bank’s (SARB) recent decision to maintain
the prime lending rate at 11.75% and the repo rate at 8.25%, Park Village Auctions
(PVA) is emphasising the benefits of auctions as an alternative financing solution for
businesses.
Commenting on the current economic climate, PVA Director Clive Lazarus says:
“While we’re relieved to see no further rate hikes, the absence of rate cuts is
concerning. Debt servicing remains challenging, and banks are becoming
increasingly cautious about lending.”
Lazarus suggests that businesses looking to expand need not rely solely on
traditional financing methods. “Auctions offer an efficient means of raising funds
through the sale of unused assets, providing an immediate turnaround time and a
safe, trouble-free process,” he explains.
PVA highlights some advantages of unlocking capital via auction asset disposal:
 Quick turnaround time with no suspensive conditions
 Flexibility in choosing auction dates and locations
 Comprehensive marketing to attract potential buyers
 Prepared and committed buyers
 No price haggling
 Simplified logistics for sellers
 Potential for competitive bidding to drive up prices
 Exciting atmosphere that attracts buyers
 Consistent demand for quality goods
 Rapid conversion of assets to cash
 Global reach through online bidding platforms
“More people are turning to auctions to quickly unlock cash by converting unwanted
assets,” Lazarus notes. “As businesses navigate the current economic landscape,
Park Village Auctions stands ready to assist in exploring alternative financing options
through the strategic sale of assets.”
For more information about PVA’s asset disposal services, please call (011) 789
4375 or email auctions@parkvillage.co.za.